Arkiv över inlägg

Financial markets have been behaving in a very turbulent manner in the last couple of months. The issue, as I see it, is that the world economy is gradually changing from a growth mode to a mode of shrinkage. This … Continue reading →

We lead this week with news that Pacific Gas & Electric, the largest utility in California, has filed for bankruptcy, facing $30 billion in liabilities for wildfires apparently caused by PG&E's power lines. We follow with OPEC production cuts across the board; US rig count drops sharply; oil and gas reserves in China; fatal pipeline […]

Preface. I’m fascinated by system risks, so I’ve included this, though there’s no awareness at all of peak oil or limits to growth or that energy, not money, is the basis of civilization and foundation of every single widget made … Continue reading →